Ferrovial (NASDAQ:FER) Upgraded at Bank of America

Ferrovial (NASDAQ:FER) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat.com reports.

Separately, Royal Bank of Canada upgraded Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

Ferrovial Price Performance

FER stock opened at $41.59 on Tuesday. The stock’s fifty day simple moving average is $40.67 and its two-hundred day simple moving average is $40.65. Ferrovial has a 1-year low of $35.30 and a 1-year high of $48.29.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Securities Ltd. acquired a new position in Ferrovial in the second quarter worth about $228,000. Allspring Global Investments Holdings LLC acquired a new stake in Ferrovial in the third quarter valued at approximately $296,000. Oppenheimer Asset Management Inc. acquired a new position in Ferrovial during the 2nd quarter worth about $307,000. Hancock Whitney Corp acquired a new position in shares of Ferrovial during the second quarter worth approximately $352,000. Finally, Acadian Asset Management LLC bought a new position in shares of Ferrovial during the 2nd quarter valued at approximately $370,000.

About Ferrovial

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.